Middle-income families can expect to spend $204,060 on feeding, housing and schooling a child born in 2007 until his or her 18th birthday, the U.S. government has reported. 

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439 hits Rate me! Share Favorite | Flag 14 years ago by KikiPeepers

Can you afford to spend $204,060, spread out over 18 years, to be able to support having a child?
Middle-income families can expect to spend $204,060 on feeding, housing and schooling a child born in 2007 until his or her 18th birthday, the U.S. government has reported.

http://www.njbiz.com/article.asp?aI...


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14 yrs ago, 1 mos ago - Wednesday 3/26/08 - 1:38:33 AM EST (GMT-5)
If you asked the people I live around, that answer would be a resounding no. They can barely support themselves, let alone the five kids they're attempting to raise.

As for myself, I guess I'm going to find out.
14 yrs ago, 1 mos ago - Wednesday 3/26/08 - 1:47:56 AM EST (GMT-5)
Not yet, but once I get a full time job, sure.
14 yrs ago, 1 mos ago - Wednesday 3/26/08 - 6:05:48 AM EST (GMT-5)
$11,000 a year is quite a hunk out of an income.... I don't think I could do it.
14 yrs ago, 1 mos ago - Wednesday 3/26/08 - 6:42:13 AM EST (GMT-5)
Often the biggest chunk of such calculations is loss of earnings rather than actual expenses.

This one claims housing costs as at least one third of the total but that has to be very subjective. How do you determine what percentage of the cost of your house is down to each child that you have? Is there a diseconomy of scale then in having one boy and one girl because when you have more they can share the same space.
14 yrs ago, 1 mos ago - Wednesday 3/26/08 - 6:43:12 AM EST (GMT-5)
Oh crap ... I just noticed this is a Kikipeepers question, therefore discussion is superfluous.
14 yrs ago, 1 mos ago - Wednesday 3/26/08 - 8:04:32 AM EST (GMT-5)
"feeding, housing and schooling"

Chances are my kids will be in a crappy public school. I survived; they can too. So schooling would be taxes and general school supply expenses.

I'm not sure I understand housing. I mean even without kids, I'd have a house. It's not like I'd have a box unless I had a baby. Is this simply the disparity between a small apartment to a larger one? I mean, the maximum number of bedrooms needed would be three. Mine, the girls and the boys. I mean, for the first few years, if need be, there could be a crib/bassinet in my room.

If my kids are like my brother, I will probably spend double the norm on food but whatever.

I think that if need be, you could survive on less than that.

That said, I hope my useless degree isn't completely useless and I don't live with the bare minimum.
14 yrs ago, 1 mos ago - Wednesday 3/26/08 - 9:36:16 AM EST (GMT-5)
One day, I would hope to be able to. I would also hope to be able to significantly contribute to their college education, but the way tuition is going that may not be realistic.
14 yrs ago, 1 mos ago - Sunday 4/20/08 - 11:18:40 PM EST (GMT-5)
With the money I am making, probably not.
14 yrs ago, 1 mos ago - Sunday 4/20/08 - 11:21:07 PM EST (GMT-5)
precisely why i don't want kids!
14 yrs ago, 1 mos ago - Sunday 4/20/08 - 11:25:43 PM EST (GMT-5)
No, but I didn't spend that much on my two sons.
14 yrs ago, 1 mos ago - Sunday 4/20/08 - 11:30:50 PM EST (GMT-5)
I don't think there are many people who can afford it in those terms, yet somehow most of us do. Either it's easily less than that or that's not so much money spread over that time after all.
14 yrs ago, 1 mos ago - Sunday 4/20/08 - 11:34:22 PM EST (GMT-5)
^^^ $204,060, spread out over 18 years is $11,337 per year. $22,673 per year for my two sons.

I certainly didn't spend $22,673 per year on them - some years I barely made that much.
14 yrs ago, 1 mos ago - Monday 4/21/08 - 5:13:02 AM EST (GMT-5)
It doesn't take inflation into account, either.
13 yrs ago, 11 mos ago - Monday 6/2/08 - 2:37:11 PM EST (GMT-5)
nope
13 yrs ago, 5 mos ago - Tuesday 12/16/08 - 8:37:49 PM EST (GMT-5)
No, I'm unemployed.
13 yrs ago, 5 mos ago - Thursday 12/18/08 - 1:47:50 AM EST (GMT-5)

Not at this point in my life, but someday hopefully I will!



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